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2022 Single Audit Readiness for Auditees

Webinar • Thursday, April 28, 2022 • 2:00-3:30 p.m. ET

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$249.00 2022 Single Audit Readiness for Auditees (04.28.22) (On-Demand Recording)
Webinar Details

Prerequisites: Some knowledge of federal grant management and audit requirements is helpful

Recommended Field of Study: Specialized Knowledge and Applications

Program Knowledge Level: Basic

Advanced Preparation: None

Audits performed under the Single Audit Act are the federal government’s first line of defense against fraud, mismanagement and abuse in federally assisted programs. Well, that important role has been ramped up this year because of the wide distribution of massive funding under the American Rescue Plan Act (ARPA).

The annual federal fund expenditures of recipients and subrecipients have reached unprecedented levels. Further, many thousands have become subject to the single audit requirement for the first time.

As today’s single audits are being used for assurance of grant accountability and award decisionmaking, now is the critical time for grant recipients and subrecipients to understand the current federal fund accountability atmosphere. That’s where this webinar will help you. We’ll provide you with the information you need about the Single Audit Act and its implementing regulations, as well as recent developments affecting grant administration and audit standards and guidance.

The webinar will cover:

  • Federal policies for procurement of audit services
  • Office of Management and Budget (OMB) authority on expenditure dollar threshold, audit scope and report submission policies
  • Changes to auditing standards affecting grant recipients and subrecipients
  • Using OMB’s 2021 Compliance Supplement and its Addenda for audit readiness
  • Important plans for OMB’s 2022 Supplement
  • Verifying single audit compliance by subrecipients
  • The role of single audits in awarding agency risk assessments

If there was ever a year to be single audit ready, this is it! Join us for this timely and practical session presented from a recipient perspective.

WHO SHOULD ATTEND:

  • Finance directors
  • Accounting staff
  • Audit liaisons
  • Grant and contract managers
  • Sponsored projects administrators
  • Grant project directors
  • Internal auditors
  • External auditors

Hand-out Materials:

Attendees will receive presentation slides as well as access to background materials.

Allowable Charges

The costs of webinars sponsored by Federal Fund Management Advisor™ are allowable charges to your federal grants and subgrants. The cost principles issued by OMB under its uniform guidance (and applicable to all types of awardees) state, “The cost of training and education for employee development is allowable” (2 CFR 200.472).

Attend this Live Webinar and Earn up to 1.5 CPE Credits

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